The Benetti Mediterraneo 116’ is the fourth yacht to enter the SeaNet fleet and will be cruising the Mediterranean during summer and on the USA/ Caribbean route during winter season. Offering the potential for a seasonal ownership structure, this new vessel represents an important moment in time, where alternative ownership models may be a better way to operate and use a superyacht, a vital subject matter which is due to be discussed at The Superyacht Forum.
The 35m yacht has accommodation for up to ten guests split between five staterooms comprised of a main deck master suite, two lower deck VIP rooms and two convertible twin rooms.
SeaNet offers potential clients the opportunity to purchase a third season ownership of this vessel, which is designed to allow individuals to enjoy the benefits of yacht ownership at a fraction of the cost.
A third season ownership structure entitles customers to three sets of guaranteed fortnights on board either during the Mediterranean or the Caribbean high season. SeaNet will coordinate each owner’s time on board using a reservation system that is agreed and signed upon beforehand by both parties.
“I’m extremely proud that two of our current SeaNet Benetti Delfino 93’ co-owners will upgrade to this larger 35m yacht” says Matty Zadnikar, CEO of SeaNet. “In our three year existence, this proves that current owners recognize the benefits of co-ownership with SeaNet being the ideal partner. This additional yacht in our fleet will be the first yacht operating in two seasons a year and she will have two crews of seven in a two-months on and two months off rotational scheme.”
The addition of another yacht to the co-ownership fleet demonstrates the change in attitude towards superyacht ownership. Zadnikar’s business model may seem unusual and although in the early stages, he currently has seven owners that have bought into the co-ownership model: “six of which have net worth’s in the region of €100-500 million and one who is a billionaire” he said in a recent interview with SuperyachtNews. “So, the inability to buy a whole vessel is a moot point, they just don’t see an attractive value proposition in the purchase of a whole vessel.”
As an owner himself he believes that there are people who no longer see the point in parting with huge sums of money for something that they are only going to be able to use for a few weeks a year. Another advantage of this model is that the management is put into the hands of SeaNet, relieving the owner of the hassle of managing crew and charter but still giving them a sense of ownership while on board.
Emerging ownership structures such as this show the changing needs and desires of superyacht owners. Although this may not be a solution that suits everyone, challenging the traditional model of ownership helps to iron out the issues our industry faces and improve the superyacht experience overall.
On the second day of The Superyacht Forum 2019, we plan to discuss and examine the ownership models of the future to discover if there are better ways to operate and use a superyacht. Here, on a panel with Andrea Pezzini of Floating Life Int, Rob Tobin of Riela Yachts and Gunter Alvarado of Al Seer Marine we will explore a variety of models that could inspire the next generation of buyers and users. Join the conversation and click here to register for this year’s event.
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